TMG Holding Sees 18.6% Rise in Net Profit for First Nine Months of 2026

TMG Holding, a leading Egyptian real estate developer, has reported an 18.6% increase in net profit to EGP 15bn for the first nine months of 2026. The company's diversified business model, which includes real estate development, hospitality, and recurring revenue streams, has contributed to its stable earnings. Consolidated revenue rose 24.1% year on year to EGP 47.6bn, driven by growth in its core segments.

The company's CEO and Managing Director, Hisham Talaat Moustafa, attributed the results to the strength of TMG Holding's diversified model, steady demand for its integrated communities and destinations, and the trust it has built over decades of consistent execution. Contracted sales of EGP 290bn demonstrate continued demand for the group's projects in Egypt and regional markets. Moustafa emphasized that turning this demand into results is crucial.

TMG Holding has moved beyond its traditional real estate development model, evolving into an integrated platform that covers urban communities, hospitality, commercial activities, and a growing portfolio of businesses generating recurring income. This strategic shift enables the group to create value through both property development and long-term operations. According to Moustafa, this approach makes the group's earnings more visible, stable, and sustainable.

The hospitality segment has continued to perform well, driven by higher room rates, better occupancy, and resilient profit margins. Recurring income activities have also grown, further diversifying the group's earnings base. Moustafa highlighted the progress at SouthMED, which is running ahead of schedule, and the start of unit deliveries at Noor in the third quarter.

TMG Holding is entering a new phase of growth, supported by a larger development pipeline, a strong financial position, and significant room for regional expansion. The group has recently announced four strategic projects in Egypt, expanding its domestic portfolio. Its growing regional presence is opening up new opportunities for growth and geographic diversification.

Hospitality remains a key strategic pillar for TMG Holding, with several hotels under development. These new properties are expected to expand the group's luxury hotel portfolio and increase its ability to earn recurring revenue in foreign currency. Moustafa emphasized that the group's model provides a solid base for continued growth, more resilient earnings, and long-term value for shareholders.

Looking ahead, TMG Holding aims to strengthen its position as an integrated developer and operator of large-scale communities and destinations. The company is focused on combining strong development with sustainable long-term income. With its diversified business model and growing regional presence, TMG Holding is well-positioned for continued growth and success in the Egyptian and regional markets.

Key points

• TMG Holding reports EGP 15bn net profit for 9M 2026, driven by diversified business model and growth in real estate, hospitality, and recurring revenue streams.
• The company's contracted sales reach EGP 290bn, demonstrating continued demand for its projects in Egypt and regional markets.
• TMG Holding is expanding its hospitality portfolio with several new hotels under development, expected to increase its recurring revenue in foreign currency.